Broadridge Financial : Third Quarter Fiscal Year 2026 Earnings

Published: 2026-04-30 07:37:40 ET BR

Published on 04/30/2026 at 07:37 am EDT

Powering and transforming financial markets

Fiscal Third Quarter 2026

April 30, 2026

Use of Non-GAAP financial measures, KPIs and foreign exchange rates

Use of Non-GAAP Financial Measures

This presentation includes certain Non-GAAP financial measures including Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share ("EPS"), Free cash flow, Free cash flow conversion, and Recurring revenue growth constant currency. Please see the "Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures" section of this presentation for more information on Broadridge's use of Non-GAAP measures and reconciliations to GAAP measures.

Key Performance Indicators

Management focuses on a variety of key indicators to plan, measure and evaluate the Company's business and financial performance. These performance indicators include Revenues and Recurring revenue, as well as Non-GAAP measures of Adjusted Operating income, Adjusted Net earnings, Adjusted EPS, Free cash flow, Free cash flow conversion, Recurring revenue growth constant currency, and Closed sales. In addition, management focuses on select operating metrics specific to Broadridge of Position Growth, which is comprised of equity position growth and mutual fund/ETF position growth, and Internal Trade Growth. Beginning in the fourth quarter of fiscal year 2025, the Company began presenting information on "equity revenue position growth". Equity revenue position growth excludes small or fractional equity positions for which the Company does not recognize revenue ("non-revenue positions"). Prior-year period comparative information for this metric is not available.

Notes on Presentation

Amounts presented in this presentation may not sum due to rounding.

All FY'25 and FY'26 Recurring revenue dollar amounts shown in this presentation are GAAP. Recurring revenue growth percentages for FY'25 and FY'26 Guidance are shown as constant currency (Non-GAAP).

Use of Material Contained Herein

The information contained in this presentation is being provided for your convenience and information only. This information is accurate as of the date of its initial presentation. If you plan to use this information for any purpose, verification of its continued accuracy is your responsibility. Broadridge assumes no duty to update or revise the information contained in this presentation.

2

Key messages

1

Broadridge delivered strong third quarter results, including 6% Recurring revenue growth constant currency, and Adjusted EPS growth of 11%

2

Broadridge continues to execute on its strategy to democratize and digitize governance, simplify and innovate capital markets, and modernize wealth management

3

Broadridge remains well positioned for long term growth by leading in tokenization, including enabling proxy voting for tokenized equities, driving digitization of communications, and scaling AI

4

Strong Free cash flow is driving balanced capital allocation, including share repurchases and strategic M&A

5

Broadridge is raising its FY'26 guidance for Recurring revenue growth constant currency to At or above 7% and Adjusted EPS growth to 10-12%

3

Broadridge is executing across Governance, Capital Markets, and Wealth & Investment Management

$295M 0% YoY

$193M

+8% YoY

Governance

ICS growth is being powered by strong investor participation trends, including 15% equity position growth and 6% mutual fund and ETF position growth

Capital Markets

Innovations in shareholder engagement across both institutional and retail voting gaining momentum

Strong Capital Markets growth offset by 7 pts of prior year license impact

Highly complementary CQG acquisition accelerates expansion into futures and options

Wealth & Investment Mgmt.

Wealth Management growth driven by strong momentum in Canada, including go live of first Canadian wealth platform client

$58 million in Closed sales in the quarter, and $147 million year-to-date

Recurring revenue $ in millions. Growth rates in constant currency. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

4

Broadridge is driving innovation at scale

Leading Tokenization

Driving Digitization

Scaling AI

Live with tokenized governance platform, powering the first on-chain U.S. public company proxy vote

Powering proxy voting and governance for leading global tokenized trading platform

Delivering seamless, integrated platform for tokenized and crypto assets in Canada

Broadridge NYFIX routing crypto orders globally

$354B tokenized per day on Distributed ledger Repo platform, up 392% YoY

91% of proxy communications already digitized

Delivering fourth consecutive year of double-digit digital revenue growth

Serving over 6 million accounts with our flagship omnichannel Wealth in Focus platform

Expanding client partnerships to accelerate digital transitions

$800B+ in assets on AI-native custom voting policy engine for asset managers

Global Demand Model adopted by 23 top asset managers managing over $45T

25% efficiency gains on headcount through Agentic AI in Broadridge's managed services

Accelerating client onboarding with AI powered data mapping

Platform data layer enabling client AI

5

Summary financial results

THIRD QUARTER

$ in millions, except per share data

2026

2025

Inc./(Dec.)

Recurring revenues

$1,288

$1,204

7%

Constant currency growth (Non-GAAP)

6%

Total revenues

1,954

1,812

8%

Operating income

359

345

4%

Adjusted Operating income (Non-GAAP)

421

405

4%

Adjusted Operating income margin (Non-GAAP)

21.5%

22.4%

(90 bps)

Diluted earnings per share

$2.36

$2.05

15%

Adjusted earnings per share (Non-GAAP)

$2.72

$2.44

11%

Closed sales

$58

$71

(19%)

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

6

Third quarter 2026 segment Recurring revenues

$ in millions; growth in constant currency

ICS RECURRING REVENUES GTO RECURRING REVENUES

+8%

+3%

$209

$65

$126

$399

$800

$193

$295

$488

Regulatory

Data-Driven Fund Solutions

Issuer

Customer Comms.

9%

Capital 0%

Markets

8%

8%

Wealth &

Investment 8%

5% Management

Q3'25 Q3'26 Q3'25 Q3'26

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

7

Key volume drivers: position and trade growth

EQUITY & MUTUAL FUND/ETF POSITION GROWTH

FY'24

FY'25

FY'26 YTD

10Y

Avg.

Equity 1,3

6%

16%

16%

11%

Equity Revenue 2,3

N/A

12%

11%

N/A

3

MF / ETF

3%

7%

7%

7%

Internal Trade 4

Growth

13%

13%

15%

8%

15%

18%

14%

17%

15%

15%

7% 6%

5%

6% 3%

(1%)

11%

5%

11%

6% 7%

12%

7%

2%

11% 11%

6%

Q3'24

Q4'24

Q1'25

Q2'25

Q3'25

Q4'25

Q1'26

Q2'26

Q3'26

11%

15%

10%

13%

14%

14%

17%

11%

16%

INTERNAL TRADE GROWTH

Q3'25 equity position growth represented 31% of total fiscal year 2025 positions. Q1'25: 5% | Q2'25: 8% | Q4'25: 56%

Represents equity position growth that is revenue-generating and excludes the growth of fractional non-revenue positions.

Reflects position growth processed in the same time period of both years. Therefore, quarterly and annual data may not align.

Represents the estimated change in daily trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge's trading platforms in both the current and prior year periods.

8

Third quarter 2026 Recurring revenue growth drivers

$ in millions. Pts contribution to growth

RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 6%

Organic Growth: 5 pts

4 pts

3 pts

1 pt

6%

1 pt

7%

(2) pts

$1,288

$1,204

Q3'25 Recurring

Revenues

Closed Sales Client Losses Internal Growth Acquisitions Q3'26 Rec. Rev.

Constant Currency

FX Q3'26 Recurring

Revenues

Organic Growth: 6 pts

Organic Growth: 3 pts

9

Third quarter 2026 Total revenue growth drivers

$ in millions. Pts contribution to growth

THIRD QUARTER 2026 TOTAL REVENUE GROWTH DRIVERS

$1,954

$1,812

4 pts 1 pt 2 pts

1 pt 8%

Q3'25 Total Revenues Recurring Event-Driven Distribution FX Q3'26 Total Revenues

QUARTERLY EVENT-DRIVEN REVENUES

$125

$76

$67

$63

$53

$79

$114

$91

$73

$62M

FY'19-FY'25 QUARTERLY AVERAGE

Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26

10

Operating income margin and Adjusted Operating income margin

Q3'26 OPERATING INCOME FISCAL YEAR OPERATING INCOME

OPERATING INCOME MARGIN

19.0%

18.4%

13.6%

13.3%

15.4% 15.6% 17.3%

+50

bps

+20

bps

+110

bps

+60

bps

+60

bps

20.5%

20% -

21%

19.8%

20.0%

18.7%

18.1%

22.4%

21.5%

ADJUSTED OPERATING INCOME MARGIN (NON-GAAP)

Q3'25 Q3'26

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26

Guidance

11

Earnings per share and Adjusted earnings per share

Q3'26 EARNINGS PER SHARE FISCAL YEAR EARNINGS PER SHARE

EARNINGS PER SHARE

$2.05

$2.36

$4.65

$4.55

$5.30 $5.86 $7.10

$2.44

$2.72

10% -

+11%

+10%

+9%

+14%

+13%

$8.55

$7.73

$7.01

$6.46

$5.66

12%

ADJUSTED EARNINGS PER SHARE (NON-GAAP)

Q3'25 Q3'26

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26

Guidance

12

Closed sales

$ in millions

CLOSED SALES

$280

$288

$246

$240

$290

$231

$342

$174

$147

-

YTD'25 YTD'26

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26

Guidance

13

Free cash flow

$ in millions

YTD'26 FREE CASH FLOW1

FISCAL YEAR FREE CASH FLOW CONVERSION1,2

$393

$591

YTD'25 YTD'26

102%

104%

90%

84%

48%

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 (E)

100%+

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

Free cash flow conversion equals annual Free cash flow divided by Adjusted Net earnings

14

Capital allocation

$ in millions, except per share data

SELECT USES OF CAPITAL YTD'26 TOTAL CAPITAL RETURNS4

CapEx

and Software1

$77

$475

$312

$248

$253

$331

$331

$781

Client Platform Investments2

$33

M&A

$294

Digital Asset Investments3

$53

DIVIDENDS PER SHARE

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 (E)

6

Includes Software purchases and capitalized internal use software.

Net investments on new client conversions, including development of platform capabilities.

During 2Q'26, Broadridge contributed 342 million Canton Coins with a total fair value of $53.1 million at the time of the transaction for 17.3 million pre-funded common stock purchase warrants (the "Warrants") representing an interest in Canton Strategic Holdings, Inc. The fair value of the Warrants as of March 31, 2026 is $56.4 million.

GROWTH

$2.30

$2.56

$2.90

$3.20

$3.52

$3.90

6%

11%

13%

10%

10%

11%

Total capital returns include dividends and share repurchases net of option proceeds. FY'26 annual dividend amount subject to Board declaration.

15

Fiscal Year 2026 guidance

UPDATES

FY'26 GUIDANCE

Recurring revenue growth constant currency (Non-GAAP)

Adjusted Operating income margin (Non-GAAP)

Adjusted earnings per share growth (Non-GAAP)

At or above 7% Raised from Higher end of

5-7%

20 - 21% No Change

10 - 12% Raised from 9-12%

Closed sales $240 - $290M Revised from $290 -

$330M

16

Appendix

Supplemental reporting detail ‒ product line reporting

(Unaudited)

2024

2025

2026

YoY %

FY

Q1

Q2

Q3

Q4

FY

Q1

Q2

Q3

Growth

Dollars in millions

Investor Communication Solutions ("ICS")

Regulatory

$1,196

$190

$210

$365

$515

$1,281

$197

$249

$399

9%

Data-driven fund solutions

435

108

114

115

122

459

111

113

126

9%

Issuer

260

31

36

60

146

273

33

39

65

8%

Customer communications

683

164

179

199

176

719

177

189

209

5%

Total ICS Recurring revenues

2,574

493

540

740

959

2,732

518

590

800

8%

Equity and other

151

21

25

31

38

115

24

39

40

28%

Mutual funds

134

42

100

21

41

204

90

51

32

52%

Total ICS Event-driven revenues

285

63

125

53

79

319

114

91

73

38%

Distribution revenues

1,999

460

484

555

563

2,062

498

553

593

7%

Total ICS Revenues

$4,858

$1,016

$1,149

$1,348

$1,601

$5,113

$1,130

$1,233

$1,465

9%

Global Technology and Operations ("GTO")

Capital markets

$1,049

$261

$279

$289

$285

$1,115

$281

$301

$295

2%

Wealth and investment management

600

146

161

175

179

661

179

180

193

10%

Total GTO Recurring revenues

$1,649

$407

$440

$464

$465

$1,776

$459

481

488

5%

Total Revenues

$6,507

$1,423

$1,589

$1,812

$2,065

$6,889

$1,589

$1,714

$1,954

8%

Revenues by type

Recurring revenues

$4,223

$900

$980

$1,204

$1,424

$4,508

$977

$1,070

$1,288

7%

Event-driven revenues

285

63

125

53

79

319

114

91

73

38%

Distribution revenues

1,999

460

484

555

563

2,062

498

553

593

7%

Total Revenues

$6,507

$1,423

$1,589

$1,812

$2,065

$6,889

$1,589

$1,714

$1,954

8%

18

FY'24 - FY'26 long-term growth objectives

Organic Recurring revenue growth

FY'24 - FY'26 (CAGR)

5-8%

Recurring revenue growth constant currency (Non-GAAP)

7-9%

Adjusted Operating income margin expansion (bps/year) (Non-GAAP)

50+

Adjusted earnings per share growth (Non-GAAP)

8-12%

Note: AOI margin expansion excludes impact of float and distribution revenue

19

Disclaimer

Broadridge Financial Solutions Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 11:33 UTC.